For Sale
$689,000

731 5 CtHallandale Beach, FL 33009

Prime location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a meticulously maintained triplex in Hallandale Beach, Florida. Situated at 731 NW 5th Ct, 33009, this 1-story, 1948-built property boasts a prime location just minutes from Gulfstream Park, Aventura Mall, and the beach. The property comprises three distinct units, each offering unique features and strong rental potential. One unit, a 2-bedroom, 2-bathroom single-family home, is currently rented for $2000 per month, with Section 8 covering a significant portion of the rent. This unit includes a washer and dryer. The other two units are 1-bedroom, 1-bathroom apartments, both completely remodeled with new flooring, bathrooms, kitchens, plumbing, electrical systems, and split-unit/wall AC units. These units rent for $1750 and $1550 per month respectively, and also include washer/dryer hookups. Recent upgrades include new roofs (four years old), a new water heater, updated electrical and plumbing systems, and a new driveway providing six parking spaces. All three units have separate water meters and FPL accounts, with tenants responsible for all utilities. This property offers a compelling combination of location, strong rental income, and recent renovations, making it an ideal addition to any investment portfolio. The property also features a nice backyard and a separate building facing 5th Street.

Highlights

  • Meticulously maintained triplex in prime Hallandale Beach location, minutes from Gulfstream Park and Aventura Mall.
  • Three units: one 2/2 single-family home ($2000/month, partially Section 8 subsidized), and two remodeled 1/1 apartments ($1750/month and $1550/month).
  • Recent upgrades include new roofs (4 years old), water heater, electrical and plumbing, and a six-space driveway.
  • Each unit has separate water meters and FPL accounts; tenants pay all utilities.
  • Features a nice backyard and a separate building.

Property Details for 731 5 Ct

Property type
Apartment buildings, Small apartment buildings
Year Built
1948
Stories
1

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.9910026
Longitude
-80.1577968
731 5 Ct, Hallandale Beach, Florida

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731 5 Ct
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